In any Compliance function, situations may arise where certain tasks exceed the capabilities of the internal Compliance staff. A common example is the need to handle IT-related tasks, which require specialized expertise rarely held by Compliance professionals who are otherwise well-versed in business processes. Other examples include the lack of specialized local language skills, or the need for legal, data protection, or other technical knowledge or experience.
Another typical reason for engaging external experts via co-sourcing is capacity shortage — when the workload exceeds the available internal resources, but there is no justification yet for hiring additional full-time Compliance staff, and the situation can be managed on a case-by-case basis.
Finally, co-sourcing can be a strategic tool when the goal is to develop Compliance processes in a way that allows internal staff to learn best practices (e.g., how to use monitoring software) through collaboration with an external, co-sourced expert.
In all three scenarios, co-sourcing offers a cost-effective solution. ABT, with its flexible, scalable capacity and professionals possessing extensive experience and expertise, is fully prepared to support your organization as a co-sourcing partner.
Your personal contact:
Márton Gajdos dr., CIA, CISA
Partner, Risk & Compliance Services
